While insider trading is tough to detect and prove in any country, in India it seems to be particularly rampant because regulators just don’t have the tools to keep it in check, said J.N. Gupta, a former director of the Securities and Exchange Board of India.
“All the participants, including regulatory bodies, are aware that insider trading is deeply rooted in our market,” Mr. Gupta–who is now the chief executive of Stakeholders Empowerment Services, a research and advisory firm–told The Wall Street Journal.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn